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Bioprocess Technology Market 2023-2032: Industry Size, Latest Trends, New Development And Major Players | Sartorius AG, Danaher Corporation, Thermo Fisher Scientific Inc., Lonza Group AG, F. Hoffmann-La Roche Ltd.
Bioprocess Technology Market
The Business Research Company's Bioprocess Technology Global Market Report 2023 identifies Growing demand from healthcare as the major driver for the Bioprocess Technology Market's growth in the forecast period. Healthcare industries refer to companies or organizations that provide medical and healthcare-related products, services, and technologies. Bioprocess technology uses living cells such as those from bacteria or mammals to produce therapeutic proteins, vaccines, and other biologics that support the manufacturing of biopharmaceuticals and other healthcare products.
The global bioprocess technology market size is expected to grow from $18.70 billion in 2022 to $21.90 billion in 2023 at a compound annual growth rate (CAGR) of 17.1 %. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bioprocess technology market size is expected to reach $39.16 billion in 2027 at a CAGR of 15.6%.
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Major competitors in the bioprocess technology market are Sartorius AG, Danaher Corporation, Thermo Fisher Scientific Inc., Lonza Group AG, F. Hoffmann-La Roche Ltd., Becton, Dickinson, and Company, Merck KGa, GE Healthcare (General Electric Company), Eppendorf AG, Bio-Rad Laboratories, Alere Inc., Fujifilm Healthcare Americas Corporation, Catalent Inc., Asahi Kasei Medical America Inc., Advanced Instruments, and Nova Biomedical Corporation.
A key trend in the Bioprocess Technology Market includes Technological innovation. Major companies operating in the bioprocess technology market are focused on developing innovative solutions integrated with advanced technologies to strengthen their position in the market. For instance, in April 2020, Merck KGaA, a Germany-based science and technology company, launched the Bio4CTM Software Suite, the latest addition to its BioContinuumTM Platform. The new technology ecosystem combines process control, analytics, and plant-level automation to provide a complete view of the manufacturing process, allowing biomanufacturers to achieve complete process control and gain deep insights. The Bio4CTM Process Pad, a component of the Bio4CTM Suite's "Collect" dimension, a browser-based platform that automates data acquisition and analysis tasks, allowing scientists and engineers to quickly acquire, aggregate, and analyze data from various sources across the bioprocess, such as equipment, batch records, databases, and historians.
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The Bioprocess Technology Market is segmented -
By Type: Cell Culture, Cell Expansion, Flow Cytometry, Cell Line Development, Virus Infiltration
By Application: Biopharmaceuticals, Specialty Products, Industry Chemicals, Environment Management Aid
By End User: Hospitals, Research labs, Medical Institutions, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bioprocess Technology Market.
The Business Research Company's "Global Bioprocess Technology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bioprocess Technology Market Include:
1. Executive Summary
2. Bioprocess Technology Market Characteristics
3. Bioprocess Technology Market Trends And Strategies
4. Bioprocess Technology Market - Macro Economic Scenario
5. Bioprocess Technology Market Size And Growth
……
26. Africa Bioprocess Technology Market
27. Bioprocess Technology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bioprocess Technology Market
29. Bioprocess Technology Market Future Outlook and Potential Analysis
30. Appendix
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